Fair enough to challenge the influence of the RC on home prices - take it up with the journos that wrote the articles - I've posted two of them. I can understand the premise that the uncertaintly created by the RC coupled with tighter lending practices for whatever purpose will affect property prices. Are there other factors? Sure. I agree that people who are living in their mortgaged property are no worse off - of course this does ignore the wider economic effects of a significant decrease in property value. You sure are affected if you don't have work. A lot of people and small business are very dependent on the property market for work and this of course has flow on effects. As far as blaming banks for the notion that the market is 'overheated' or that this is all some sort of ponzi scheme - this is pie in the sky stuff. The one segment of this market that needs consideration is what can be done for first home buyers - we have a disparity with wage levels and growth vs property prices. This RC, and a few % points off housing prices do not affect this segment at all.